Financial Advantage Inc. raised its position in shares of United Natural Foods, Inc. (NASDAQ:UNFI) by 2.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,062 shares of the company’s stock after purchasing an additional 1,497 shares during the period. United Natural Foods makes up approximately 2.4% of Financial Advantage Inc.’s holdings, making the stock its 21st largest holding. Financial Advantage Inc. owned approximately 0.15% of United Natural Foods worth $2,791,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNFI. Sei Investments Co. raised its position in United Natural Foods by 47.2% during the second quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock valued at $133,000 after purchasing an additional 1,162 shares in the last quarter. Neuburgh Advisers LLC grew its stake in shares of United Natural Foods by 9.5% during the first quarter. Neuburgh Advisers LLC now owns 3,536 shares of the company’s stock valued at $153,000 after buying an additional 306 shares during the last quarter. LS Investment Advisors LLC grew its stake in shares of United Natural Foods by 20.5% during the second quarter. LS Investment Advisors LLC now owns 4,171 shares of the company’s stock valued at $153,000 after buying an additional 711 shares during the last quarter. Riverhead Capital Management LLC grew its stake in shares of United Natural Foods by 80.6% during the second quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock valued at $172,000 after buying an additional 2,095 shares during the last quarter. Finally, Parametrica Management Ltd bought a new position in shares of United Natural Foods during the second quarter valued at about $201,000.

A number of brokerages have recently issued reports on UNFI. Wells Fargo & Company reaffirmed a “hold” rating on shares of United Natural Foods in a research note on Tuesday, June 6th. BidaskClub raised United Natural Foods from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Pivotal Research reaffirmed a “sell” rating and set a $32.00 price objective on shares of United Natural Foods in a research note on Tuesday, June 20th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $34.00 price objective on shares of United Natural Foods in a research note on Wednesday, May 31st. Finally, Buckingham Research reduced their price objective on United Natural Foods from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. United Natural Foods has a consensus rating of “Hold” and an average price target of $42.56.

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United Natural Foods, Inc. (NASDAQ:UNFI) traded up 1.43% during mid-day trading on Friday, hitting $39.74. The company had a trading volume of 2,316,247 shares. United Natural Foods, Inc. has a 1-year low of $29.53 and a 1-year high of $49.74. The stock has a market capitalization of $2.01 billion, a PE ratio of 15.96 and a beta of 1.39. The stock has a 50 day moving average price of $36.13 and a 200-day moving average price of $39.19.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings data on Wednesday, September 13th. The company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.02. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the company posted $0.70 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts forecast that United Natural Foods, Inc. will post $2.69 earnings per share for the current year.

About United Natural Foods

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

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